Found 2 blog entries tagged as multiple offers.

Over the past couple of weeks, I’ve been working with buyers who’ve seen it firsthand:

One home gets 5 offers.
Another gets 6.
And another… sits.

So what’s actually happening?

I pulled the numbers this week to get a clearer picture of what’s selling—and what’s not—in the Placer County real estate market right now.

The Big Picture

Right now, there are:

  • 963 homes for sale
  • 197 homes have been on the market for 90+ days and still haven’t sold

At the same time:

  • 432 homes sold in March
  • 79 of those had 3 or more offers

So while multiple offers are happening…

They’re happening to a very specific type of listing.

What the “Sitting” Homes Have in Common

When you look at the 197 homes that have been sitting…

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Over the past two weeks, I’ve gotten a very clear reminder of how competitive parts of our market have become.

I’ve written offers for two separate clients on three different homes—and in every case, we ran into multiple offers:

  • A home in Springfield at Whitney Oaks (Rocklin) – 2 offers

  • A home in Roseville near Oakmont High School – 6 offers

  • A home in Rollingwood (Fair Oaks) – 2 offers

We successfully secured the Fair Oaks home, passed on the Springfield property, and were just barely outbid in Roseville.

At the same time:

  • Another client was interested in a home near Rocklin High—it received multiple offers before they were ready

  • Another was interested in a home in Orangevale with a great pool…

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